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In a surprising moves to legal experts, the Supreme Court today in a 5-4 ruling stayed the implementation of the EPA’s Clean Power Plan (CPP) supporting greenhouse gas reductions at fossil fuel fired power plants. The move was surprising because the Supreme Court rarely involves itself in the determinations of whether or not a temporary […]
The cut will save the company $450 million annually.
President Obama made official Tuesday his plan to seek a tax on the oil industry to fund an overhaul of the country’s transportation network towards reducing carbon emissions. In a proposed $4.1 trillion federal budget, the administration is requesting a $10.25 per barrel tax on oil companies, revenue from which will be shuttled into expanding high-speed […]
Although CB&I operates worldwide, more than 70 percent of its engineering and construction revenues in 2016 will come in the U.S., the company announced Tuesday during an investor day in New York.
Crude oil transporter Plains All American Pipeline said Monday that broken commitments from producers, unseasonably warm temperatures and flooding in patch held down its fourth-quarter earnings.
Mexico’s state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight
According to the U.S. Geological Survey, Oklahoma this year has already had more than 90 earthquakes of magnitude 3.0 or greater, which is generally when most people start to feel them.
The Massachusetts Democrat says the decision announced Friday will allow gas to be exported to Canada through the Maritimes and Northeast Pipeline where it will be exported overseas. The pipeline currently flows from Canada into New England.
With a possible end in sight to a massive 15-week gas leak, anxious residents displaced from a Los Angeles neighborhood are skeptical a fix is near and worry they may be forced to return too soon to unhealthy homes.
In response to the Supreme Court’s review of EPA’s mercury rule, the agency issued a supplementary notice indicating that “consideration of cost does not alter the agency’s previous conclusion that it is appropriate and necessary to regulate coal- and oil-fired electric utility steam generating units (EGUs) under section 112 of the Clean Air Act.” Essentially, […]